ASLE vs GO: Correlation
AerSale Corporation (ASLE) and Grocery Outlet Holding Corp. (GO) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and GO?
On 3 years of weekly data the ASLE/GO correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.40 over 3. The 5-year figure is 0.24, and annualized covariance runs at 1018.7 %².
Within ASLE's tracked universe of 12 assets, GO comes in at #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -35.6% for ASLE and -36.8% for GO.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ASLE vs GO: side by side
| ASLE (AerSale Corporation) | GO (Grocery Outlet Holding Corp.) | |
|---|---|---|
| 1-year return | -35.6% | -36.8% |
| 5-year return | -57.7% | -54.0% |
| Volatility (ann.) | 48.5% | 52.6% |
| Beta vs S&P 500 | 0.91 | 0.76 |
| Max drawdown (3Y) | -72.2% | -81.7% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | GO |
|---|---|---|
| 2022 | -8.6% | +3.2% |
| 2023 | -21.7% | -7.6% |
| 2024 | -50.4% | -42.1% |
| 2025 | +12.9% | -35.3% |
| 2026 | -20.5% | +15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and GO good diversifiers for each other?
Reasonably. At 0.40, ASLE and GO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASLE and GO?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.39 over the last year and 0.24 over 5 years.
Is GO a good diversifier for ASLE?
Reasonably. At 0.40, ASLE and GO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asle-vs-go.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asle-vs-go/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASLE correlations · GO correlations
